The Central Bank tenders professional services to issue an opinion on the reasonableness of the institution's financial statements.
Honduras Government Purchase CPrivado No.01-2020:
"Hiring of an external audit firm, duly registered in the Registry of External Auditors (RAE) of the National Commission of Banks and Insurance Companies (CNBS), to issue an opinion on the reasonability of the Financial Statements of the Central Bank of Honduras (BCH) with figures as of December 31, 2020, compared to those corresponding to December 31, 2019.
New guidelines from the Costa Rican Treasury Office will allow greater access to the most relevant data of companies who paid more than $500,000 in taxes in the past three years.
Large taxpayers now have the obligation to submit to the Directorate General of Taxation information on their financial status in unconsolidated digital format.
This measure is intended to increase oversight of the most important data of 500 companies which account for about 70% of the country's tax revenue. The Treasury defines major contributors to the company as those who paid more than $500,000 for taxes in the last three fiscal years.
Adapting to a competitive market is being costly for the Instituto Costarricense de Electricidad, which in 2011 accumulated losses of $40 million and a negative return of 2, 1%.
Already in 2011 the Instituto Costarricense de Electricidad (ICE) has had to "seek waivers or amendments with eight of its creditors", according to an article in Elfinancierocr.com, because it failed to maintain the necessary financial indicators to fill the banks with confidence.
In Costa Rica companies classified as Large National Taxpayers or Regional Companies must provide audited financial statements.
In an article in Elfinancierocr.com, Francisco Villalobos, director general of taxation, analyzes the resolution establishing the "obligation to submit audited financial statements by large taxpayers and territorial big business."
The amendment passed by Congress requires banks and financial institutions to publish in newspapers their financial information.
"With the amendment, article 32 says that "the supervised institutions are required to publish, in accordance with standards established by the Commission, their balance sheets and profit and loss statements at the end of each year with their accompanying notes and auditor's opinion,” states the article in Proceso Digital´s website.
The Panamanian corporation recorded a net profit of $120 million in 2008, an increase of 6% compared to 2007.
Empresa General de Inversiones (EGI), which is traded on the Panamanian Stock Market, owns 100% of Empresa General de Petróleos S.A., 100% of Empresa General de Capital S.A. and 61% of Grupo Financiero BG S.A. (Banco General).
The chairman of EGI, Federico Humbert, said that much of the growth is related to the success of Banco General, which had profits of $183 million, an increase of 14.4%